Business

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

Business

Old Dominion’s 4Q Income Dips

Less-than-truckload carrier Old Dominion Freight Line said Thursday its fourth-quarter profit dipped to $15.7 million, or 42 cents a share, from $17.8 million, or 48 cents, a year ago.

January 31, 2008
Business, Safety

Halladay Honored with ATA’s Highest Award

American Trucking Associations said Wednesday it honored Bob Halladay with the S. Earl Dove Highway Award for his lifetime of dedication to the trucking industry.

January 31, 2008
Government, Business

Personal Spending Rises at Slowest Pace in Six Months

Consumer personal spending rose at a rate of 0.2% in November, the slowest in six months, the Commerce Department said Thursday.

January 31, 2008
Business

Jobless Claims Jump for Week

Initial jobless claims rose to the highest in more than two years for the week ended Saturday, the Labor Department said Thursday.

January 31, 2008
Business, Technology, Equipment, Safety

ABF, Teamsters Reach Labor Pact

Less-than-truckload carrier ABF Freight System said Wednesday it has reached a tentative collective bargaining agreement with the Teamsters union on a new five-year labor pact.

January 30, 2008
Business

Fed Cuts Interest Rate a Half-Point to 3%

The Federal Reserve Wednesday cut the key U.S. interest rate by half a point, to 3%.

January 30, 2008
Business, Fuel

Paccar to Use SCR in 2010 Engines

Paccar Inc. said it will use selective catalytic reduction technology, in combination with exhaust gas recirculation, in its Paccar engines for Kenworth and Peterbilt trucks to meet to meet 2010 engine requirements.

January 30, 2008
Business, Government, Safety, Autonomous

N.C. Court Rules for Trucking Company in Dispute Over Weight Limit Fines

A judge in North Carolina recently ruled in favor of a trucking company that sued the state for what it said were excessive fines assessed for minor weight limit permit violations.

January 30, 2008
Government, Business, Safety

Letters to the Editor: HOS, Roundabouts, Infrastructure Panel

If there ever was a segment of the transportation industry that needed an overhaul, it’s trucking.

January 30, 2008
Business

Saia’s Fourth-Quarter Income Declines

Saia Inc. said Wednesday its fourth-quarter net income fell 62% from a year ago to $2 million, or 15 cents a share, from $5.2 million, or 35 cents, a year ago.

January 30, 2008